Redfin just got a $110 million shot in the arm from an influential backer, as the discount brokerage looks to ride out economic turmoil caused by coronavirus. The Seattle-based brokerage said Monday that Durable Capital, a venture capital firm led by Henry Ellenbogen, will acquire a stake in the discount firm. The deal includes $70 million worth of common stock at $15.61 per share and $40 million of convertible preferred stock at $1,000 per share,
source https://therealdeal.com/2020/03/30/redfin-sells-110m-stake-to-vc-firm/
No comments:
Post a Comment